Bitcoin sports bettors expect $800 price soon

Bitcoin is trading around $771 at the close of the business day Thursday.

Bitcoin blogs have covered blockchain platform WAVES raising $16 million in bitcoin with its fundraising ICO along with speculation that the upcoming bitcoin halving for miners is causing increased interest among traders, driving the price of bitcoin up.

The increased momentum is music to the ears of online sports bettors. SBR reported earlier in the week that the 47th online sportsbook has added bitcoin to its online cashier.

SBR expects that by year's end over 60 online sportsbooks will offer bitcoin to players, including traditional fiat sportsbooks. The competition is healthy for the marketplace as betting sites compete for baseball season business from players with basketball coming to a close.